The Weekend View

NCAA introduced affordability assessment to ensure consumer repay


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The National Credit Amendment Act (NCAA) has introduced affordability assessment regulations with an aim of helping credit providers, effectively assess the consumer's ability to repay credit and also protect consumers from reckless lending practices. Prior to these regulations, the National Credit Act (NCA) was not prescriptive on how affordability assessments should be conducted. We spoke to Louisa Hetisani, Manager: Compliance at the National Credit Regulator (NCR)....
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The Weekend ViewBy SAfm


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